Focus Turns to BOE and UK Inflation this Week, after Weaker-than-Expected US Payrolls Growth

In line with what was expected in the ADP report, US' payrolls growth surprised to the downside in April. Headline non-farm payrolls increased +160K last month, down from consensus of +206K and the downwardly revised +208K in March. Note also that the strong gain of +245K in February was also revised lower to +215K. The unemployment rate edged lower very mildly, to 4.98% from 5%.

Read the original here: 
Focus Turns to BOE and UK Inflation this Week, after Weaker-than-Expected US Payrolls Growth